William Blair Comments on BJ’s Restaurants, Inc.’s Q4 2024 Earnings (NASDAQ:BJRI)

BJ’s Restaurants, Inc. (NASDAQ:BJRI) – Equities research analysts at William Blair boosted their Q4 2024 earnings per share (EPS) estimates for BJ’s Restaurants in a report released on Wednesday, April 24th. William Blair analyst S. Zackfia now expects that the restaurant operator will post earnings per share of $0.48 for the quarter, up from their previous forecast of $0.45. The consensus estimate for BJ’s Restaurants’ current full-year earnings is $1.23 per share. William Blair also issued estimates for BJ’s Restaurants’ FY2026 earnings at $2.37 EPS.

Other equities analysts have also issued research reports about the stock. Stephens reissued an “equal weight” rating and issued a $35.00 price target on shares of BJ’s Restaurants in a report on Friday, February 16th. Wedbush reissued an “outperform” rating and issued a $40.00 target price on shares of BJ’s Restaurants in a research note on Friday, February 16th. TheStreet raised BJ’s Restaurants from a “c” rating to a “b-” rating in a research report on Friday, February 16th. Barclays boosted their price objective on BJ’s Restaurants from $25.00 to $30.00 and gave the company an “underweight” rating in a research report on Wednesday, January 3rd. Finally, Citigroup increased their target price on BJ’s Restaurants from $28.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $37.30.

BJ’s Restaurants Stock Up 0.8 %

BJ’s Restaurants stock opened at $33.44 on Friday. The firm has a market capitalization of $782.50 million, a price-to-earnings ratio of 40.29, a PEG ratio of 1.90 and a beta of 2.12. The company’s 50 day simple moving average is $34.66 and its 200 day simple moving average is $32.30. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.42 and a quick ratio of 0.35. BJ’s Restaurants has a fifty-two week low of $21.64 and a fifty-two week high of $38.76.

BJ’s Restaurants (NASDAQ:BJRI) last released its earnings results on Thursday, February 15th. The restaurant operator reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. BJ’s Restaurants had a net margin of 1.47% and a return on equity of 5.45%. The firm had revenue of $323.64 million during the quarter, compared to analyst estimates of $331.03 million. During the same quarter in the previous year, the business earned $0.17 EPS. The business’s quarterly revenue was down 6.0% compared to the same quarter last year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. AdvisorShares Investments LLC lifted its stake in shares of BJ’s Restaurants by 2.1% in the third quarter. AdvisorShares Investments LLC now owns 18,007 shares of the restaurant operator’s stock worth $422,000 after acquiring an additional 370 shares during the period. Diversified Trust Co raised its holdings in BJ’s Restaurants by 10.8% during the 1st quarter. Diversified Trust Co now owns 6,487 shares of the restaurant operator’s stock worth $235,000 after purchasing an additional 632 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of BJ’s Restaurants by 13.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,545 shares of the restaurant operator’s stock worth $200,000 after purchasing an additional 673 shares during the period. Amalgamated Bank boosted its stake in shares of BJ’s Restaurants by 6.9% in the 3rd quarter. Amalgamated Bank now owns 10,511 shares of the restaurant operator’s stock valued at $247,000 after purchasing an additional 676 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of BJ’s Restaurants by 141.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,270 shares of the restaurant operator’s stock worth $46,000 after buying an additional 743 shares during the period. 99.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Fund 1 Investments, Llc sold 242,000 shares of BJ’s Restaurants stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.53, for a total value of $8,598,260.00. Following the transaction, the insider now owns 2,326,476 shares in the company, valued at approximately $82,659,692.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Alex Puchner sold 7,713 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $38.25, for a total transaction of $295,022.25. Following the sale, the vice president now owns 12,222 shares in the company, valued at approximately $467,491.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Fund 1 Investments, Llc sold 242,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.53, for a total value of $8,598,260.00. Following the sale, the insider now owns 2,326,476 shares in the company, valued at $82,659,692.28. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by company insiders.

About BJ’s Restaurants

BJ's Restaurants, Inc owns and operates casual dining restaurants in the United States. Its restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. The company was formerly known as Chicago Pizza & Brewery, Inc and changed its name to BJ's Restaurants, Inc in August 2004.